FNI: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FNI
Largest movements
- Cash +€85,848
up €85,848 (+71.2%), from €120,512 to €206,360
mainly Net result for the year (+€95,246) and Depreciation (+€10,403)
- Tangible fixed assets -€7,511
down €7,511 (-20.5%), from €36,697 to €29,186
- Profit (loss) carried forward +€95,246
up €95,246 (+61.0%), from €156,022 to €251,269
- Other debts -€5,642
down €5,642 (-79.6%), from €7,090 to €1,448
- Debts after one year -€4,953
down €4,953 (-35.3%), from €14,048 to €9,095
- Tax, wage and social debts -€2,936
down €2,936 (-96.5%), from €3,041 to €105
- Gross operating margin +€48,478
up €48,478 (+58.5%), from €82,887 to €131,366
- Taxes +€8,852
up €8,852 (+54.8%), from €16,156 to €25,008
- Depreciation +€6,422
up €6,422 (+161.3%), from €3,982 to €10,403
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,168 | €269,818 | +€80,650 | +42.6% |
| Fixed assets | 21/28 | €36,697 | €29,186 | -€7,511 | -20.5% |
| Tangible fixed assets | 22/27 | €36,697 | €29,186 | -€7,511 | -20.5% |
| Furniture and vehicles | 24 | €36,697 | €29,186 | -€7,511 | -20.5% |
| Current assets | 29/58 | €152,471 | €240,632 | +€88,161 | +57.8% |
| Amounts receivable within one year | 40/41 | €31,959 | €34,272 | +€2,312 | +7.2% |
| Trade receivables | 40 | €31,851 | €32,479 | +€629 | +2.0% |
| Other amounts receivable | 41 | €108 | €1,792 | +€1,684 | +1554.6% |
| Cash at bank and in hand | 54/58 | €120,512 | €206,360 | +€85,848 | +71.2% |
| Total equity and liabilities | 10/49 | €189,168 | €269,818 | +€80,650 | +42.6% |
| Equity | 10/15 | €158,022 | €253,269 | +€95,246 | +60.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,022 | €251,269 | +€95,246 | +61.0% |
| Amounts payable | 17/49 | €31,146 | €16,549 | -€14,596 | -46.9% |
| Amounts payable after more than one year | 17 | €14,048 | €9,095 | -€4,953 | -35.3% |
| Financial debts | 170/4 | €14,048 | €9,095 | -€4,953 | -35.3% |
| Amounts payable within one year | 42/48 | €17,062 | €7,454 | -€9,607 | -56.3% |
| Current portion of amounts payable after more than one year | 42 | €4,783 | €4,953 | +€170 | +3.6% |
| Trade debts | 44 | €2,148 | €948 | -€1,199 | -55.8% |
| Suppliers | 440/4 | €2,148 | €948 | -€1,199 | -55.8% |
| Taxes, remuneration and social security | 45 | €3,041 | €105 | -€2,936 | -96.5% |
| Taxes | 450/3 | €3,041 | €105 | -€2,936 | -96.5% |
| Other amounts payable | 47/48 | €7,090 | €1,448 | -€5,642 | -79.6% |
| Accrued charges and deferred income | 492/3 | €36 | - | -€36 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,982 | €10,403 | +€6,422 | +161.3% |
| Gross operating margin | 9900 | €82,887 | €131,366 | +€48,478 | +58.5% |
| Operating profit (loss) | 9901 | €78,906 | €120,962 | +€42,057 | +53.3% |
| Financial income | 75/76B | €18 | €27 | +€9 | +51.7% |
| Recurring financial income | 75 | €18 | €27 | +€9 | +51.7% |
| Financial charges | 65/66B | €253 | €735 | +€481 | +190.0% |
| Recurring financial charges | 65 | €253 | €735 | +€481 | +190.0% |
| Profit (loss) for the period before taxes | 9903 | €78,670 | €120,254 | +€41,584 | +52.9% |
| Income taxes | 67/77 | €16,156 | €25,008 | +€8,852 | +54.8% |
| Profit (loss) for the period | 9904 | €62,514 | €95,246 | +€32,733 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,514 | €95,246 | +€32,733 | +52.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.